Buying Debt

june 15, 2007

Hi, I'd like one order of huge debt and I'll have fries with that. I was listening to the radio yesterday and noticed just how may commercials there are of companies trying to sell debt.  Approvals in less than an hour so that you can get more credit to buy a house, car, or pay off that credit card. It is really scary the amount of debt that people have.  Credit cards alone, we are seeing the average household with "more than $9,000 in credit card debt and pays more than $1,300 a year in interest rates."  That is plain scary. I guess in the materialistic society that we live in, debt is a natural thing.  Do you live in high debt?  Why?